Locked content Morawiecki: Poland’s utilities should retain higher portion of p...

Polish power companies should retain a larger portion of profits for dividends, and Poland should consider adopting a long-term dividend policy towards state-controlled firms, deputy Prime Minister Mateusz Morawiecki told radio broadcaster Trójka. “From an investment point of view it makes mor...

Locked content Poland and Russia relaunch freight transport

Friday’s meeting of Russian and Polish infrastructure ministers resulted in a decision to issue 20,000 permits for both Polish and Russian freight carriers (10,000 each). Russian labor permit agreements in the cargo business with Poland officially expired on February 15, as a consequence Polis...

Locked content LPP to shrink CAPEX

Polish clothing retiler LPP has informed that its 2016 CAPEX (capital expendituries) will total PLN 370 million , down from PLN 489 million in 2015. LPP said that CAPEX was impacted hard in the fourth quarter by a 20-percent dollar rise Net profits fell in the quarter by 29 percentage points to PLN ...

Locked content Caleum possible seller of nine Polish properties

American investment fund Caelum was a possible seller of nine properties located in Poland acquired by Castlelake, according to propertynews.pl web portal. The portfolio included, among others, Centrum Familia in Gdańsk and Stara Cegielnia in Szczecin, 55,000 sqm in total, propertynews.pl reported, ...

Locked content Half of Poles think the economy is in crisis

As much as 50 percent (an increase of 4 percentage points on a monthly basis) of Poles believe that the Polish economy is in a state of crisis, a recent poll by TBS Polska showed. Most of the surveyed people also said that finding a job in Poland is hard or even impossible. While half…

Locked content Szałamacha meets British investors

Minister of Finance Paweł Szałamacha and Deputy Minister of Finance Paweł Nowak have arrived in London to meet British investors, the ministry reported. The ministers will discuss Poland’s fiscal policy in the short-term. Szałamacha will also present governmental economic plans and the 2016 bu...

Locked content Energa eyes EDF’s assets in Poland

Polish state-run utility Energa will consider bidding for heating plants owned by French power firm EDF if they become available, wnp.pl web portal reported. Earlier this year, the media informed that EDF had launched a sale of its Polish coal-fired heating and power plants worth up to PLN 2 billion...

Locked content Columbia Machine acquires Radom-based firm

American Columbia Machine has announced the takeover of Radom-based concrete components producer Techmatik, one of the city’s biggest employers, Puls Biznesu daily reported. The value of the transaction has not been disclosed. Techmatik has been a long term business partner of Columbia Machine...

Locked content Unilever moves to Poland

Global FMCG company Unilever is shutting down its Netherlands-based financial and IT service center and transferring the business to Poland, according to Puls Biznesu daily. The 240 members of staff in the Netherlands will lose their jobs due to Unilever’s decision to move the shared service c...

Locked content Gestamp leases 3,300 sqm in Goodman’s facility

Goodman Group, an expert in industrial real estate, has leased an additional 3,300 sqm of warehouse space to Gestamp, a manufacturer of metal automotive components, a press release read. The new agreement increases the total area occupied by Gestamp at the Goodman Wrocław IV Logistics Centre to 22,7...